Kadin urges Indonesia to set up investment fund

The Indonesian Chamber of Commerce and Industry, a strong private business lobby group, called on the government on Tuesday to establish an investment fund to be used to purchase overseas assets. The fund, should it be established, would act like Singapore’s Temasek Holdings and Malaysia’s Khazanah Nasional.
Suryo Bambang Sulisto, chairman of the lobby group, which is also known as Kadin, said now is the right time for the Indonesian government to buy assets abroad, as they are relatively cheap amid the sluggish global economy and debt crisis………………………………………..Full Article: Source